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Oncolytics Biotech Inc ONCY


Primary Symbol: T.ONC

Oncolytics Biotech Inc. is a biotechnology company. The Company is focused on developing pelareorep, an intravenously delivered immunotherapeutic agent that activates the innate and adaptive immune systems and weakens tumor defense mechanisms. This compound induces anti-cancer immune responses and promotes an inflamed tumor phenotype turning cold tumors hot through innate and adaptive immune responses to treat a variety of cancers. This improves the ability of the immune system to fight cancer, making tumors more susceptible to a broad range of oncology treatments. The Company’s primary focus is to advance its programs in hormone receptor-positive / human epidermal growth factor 2- negative (HR+/HER2-) metastatic breast cancer and advanced/metastatic pancreatic ductal adenocarcinoma to phase 3 licensure-enabling studies. In addition, it is exploring opportunities for registrational programs in other gastrointestinal cancers through its GOBLET platform study.


TSX:ONC - Post by User

Comment by Noteableon Mar 18, 2024 4:02pm
86 Views
Post# 35939041

RE:RE:RE:RE:RE:Inflation Reduction Act (IRA) boosts biological drugs

RE:RE:RE:RE:RE:Inflation Reduction Act (IRA) boosts biological drugs The pharmaceutical product industry is India's most advantageous industry, and it is also an industry with which India hoped to strengthen cooperation with China. In the context of “One Belt, One Road,” China–India pharmaceutical industry cooperation sought to gain global dominance over the pharmaceutical industry, and in so doing, take control of the drug therapeutics industry in the United States. The US Federal Government is using its power through the enactment of IRA to preclude this foreign-agent dominance from happening in the United States by providing real incentives to companies who choose to develop and market large molecule biological drug therapies, that are difficult to copy and manufacture, and which will make the United States the global powerhouse in the creation, development and manufacture of next-generation drug therapeutics (i.e. immunotherapies), which will treat some of the most difficult diseases that currently have unmet treatment needs -  ([ike for example ONCY's drug platform pelareorep which is reaching the Phase 3 clinical development / drug registration / approval stage for the treatment of multiple cancers (including rare /orphan diseases)  with unmet treatment needs].  
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